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shepuryov [24]
3 years ago
12

When the price of wood (which is an input in the production of furniture) falls, the consumer surplus associated with the consum

ption of furniture?
Business
1 answer:
Novosadov [1.4K]3 years ago
8 0
The consumer surplus associated with the consumption of furniture increases. Wood is an input in the production of furniture therefore it constitutes the cost of production, the decrease in the price of wood would therefore mean a decrease in the production cost. A decrease in the cost of production in turn causes a decrease in the buying price of furniture and therefore, consumer surplus increases. 
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Assume that you have just sold a stock for a loss at a price of $75 for tax purposes. You still wish to maintain exposure to the
Agata [3.3K]

Answer:

$87.25

Explanation:

Calculation for the effective price paid to repurchase the stock

Using this formula

Effective price = Strike Price + Price

Let plug in the formula

Effective price =$80+$7.25

Effective price =$87.25

Therefore the effective price paid to repurchase the stock will be $87.25

8 0
3 years ago
The difference between a budget and a standard is that standards are excluded from the cost accounting system, whereas budgets a
aleksley [76]

Answer:

The correct answer is the last option: a budget expresses a total amount, while a standard expresses a unit amount.

Explanation:

On the one hand, a budget is the name given, in the business field to an estimation done by the managers of the company that shows how much revenue and expenses the managers are expecting that will happen over a specified future period of time and that is normally compared to the reality and the basics of the process of the company while the production is on going.

On the other hand, a standard when it comes to terms of business refers more specifically to units because an standard is something that the managers of the company are expecting to acquire and to achieve over a certain period of time always focusing in the unit of production, not in the total amount.

7 0
3 years ago
All analysis of variance procedures require that the compared populations have equal variances.
nikdorinn [45]

Answer: b. False

All analysis of variance procedures <em><u>assume</u></em> that the compared populations have equal variances.

In all analysis of variance procedures, tests like F-test, Bartlett’s test, Levene’s test and Brown-Forsythe test are used to verify or test the assumption if k samples are from populations with equal variances.

When two or more populations have equal variances, we say that homoscedasticity or homogeneity of variances exist.

The F-test and Bartlett’s test yield best results only if the population is normally distributed. However, Levene’s test and Brown-Forsythe are known to yield good results for data that is not normally distributed.

7 0
3 years ago
Total Pool Services earned $130,000 of service revenue during 2018. Of the $130,000 earned, the business received $105,000 in ca
docker41 [41]

Answer:

Cash Basis and Accrual Basis

Explanation:

We be using the Cash Basis and Accrual Basis method to explain this

If we are going to use cash basis accounting system  

the service revenue will = $105,000  while

Pool Expenses will = $80,000

If we are going to use accrual basis accounting system  

the service revenue = $130,000  while

Pool Expenses = $85,000

8 0
3 years ago
What is the first step in setting up a budget?
lubasha [3.4K]

Answer:

calculate expenses

Explanation:

the first order of business is finding out exactly how much your spending each month

8 0
3 years ago
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